Air Water Ventures Ltd. to Go Public via Business Combination with Athena Technology Acquisition Corp. II

Ace Green Recycling to Become a Public Company via Business Combination with Athena Technology Acquisition Corp. II

December 4, 2024

Industrial Services

Ace Green Recycling entered into a definitive business combination agreement with Athena Technology Acquisition Corp. II (ATAC II), a special purpose acquisition company (SPAC), for Ace to merge into a wholly-owned subsidiary of ATAC II. The combined entity is expected to become a public company, with the transaction expected to close in the first half of 2025 subject to customary approvals.

Athene and Apollo to Acquire Controlling Stake in Aqua Finance

November 29, 2021

Financial Services

Athene has agreed to acquire a controlling stake in Aqua Finance, a Wisconsin-based consumer lending platform, at a valuation of about $1 billion. Apollo will manage the investment on Athene’s behalf, while funds managed by Blackstone Tactical Opportunities will retain a minority stake.

Graphene & Solar Technologies Acquires Air-To-Water, LLC

December 30, 2021

Environmental Services

Graphene & Solar Technologies, Ltd. (GSTX) acquired Air-To-Water, LLC, a Nevada-based developer of atmospheric water-extraction technology. GSTX plans to manufacture the proprietary solid‑state units in the U.S.; single units produce about 13–20 gallons per day, are expected to sell for $5,000–$8,000, and have an anticipated lifespan of over 10 years.

Integrated Water Services and Sciens Water Acquire Hyperion International Technologies

March 7, 2023

Infrastructure

Integrated Water Services, in partnership with Sciens Water Opportunities Management (an affiliate of Sciens Capital), acquired 100% of Hyperion International Technologies, a control-systems and engineering services provider for water and wastewater markets. The deal expands IWS’s product and digital services capabilities in modular MBR and wastewater reuse technologies; Hyperion’s General Manager Scott Johnson will lead the business as Al Ouchie transitions to retirement.

Athena Technology Acquisition Corp. to Combine with Heliogen

December 9, 2021

Energy

Athena Technology Acquisition Corp. (a women-led SPAC) entered into a definitive agreement to merge with Heliogen, a provider of AI-enabled concentrated solar power technology. The combined company is expected to be renamed Heliogen, Inc. and remain listed on the New York Stock Exchange under the new ticker symbol HLGN.

e.GO Mobile SE to Combine with Athena Consumer Acquisition Corp. in $285M Business Combination

July 28, 2022

Automotive

Next.e.GO Mobile SE (e.GO) announced a definitive business combination with Athena Consumer Acquisition Corp. (Athena), expected to result in e.GO becoming a publicly listed company on the New York Stock Exchange. The transaction is expected to raise gross proceeds of up to approximately $285 million (including SPAC trust and intended debt financing), with proceeds intended to fund production ramp-up and MicroFactory expansion.